Metrologic Accused of Patent Infringement by PSC
May 16 2006 - 6:18PM
PR Newswire (US)
BLACKWOOD, N.J., May 16 /PRNewswire-FirstCall/ -- Metrologic
Instruments, Inc. (NASDAQ:MTLG), today announced that on May 10,
2006, PSC Scanning, Inc., a subsidiary of PSC Inc., filed a
Complaint against Metrologic Instruments, Inc. in the United States
District Court in Oregon. The essence of the claim is that
Metrologic's Stratos product line of bi-optic scanners infringes
two PSC patents. The suit seeks equitable relief and damages.
Metrologic strongly disputes these claims and intends to vigorously
defend this action and its intellectual property. As reported in
our first quarter earnings press release on May 9, 2006, Metrologic
continues to show dramatic revenue growth and is gaining market
share as verified by independent research organizations, outpacing
the industry at large. Our consistent ability to grow sales extends
to many product lines across the globe, allowing us to make inroads
into markets previously dominated by only one or two manufacturers.
Metrologic's Stratos product family was first introduced at the NRF
(National Retail Federation) Trade Show on January 13, 2003. The
applications for the patents on which PSC is basing their latest
patent infringement lawsuit were filed on May 6, 2003 and June 1,
2004 and were issued to PSC on December 13, 2005 and January 31,
2006. There is no basis to any claim that Stratos was designed or
marketed based upon PSC's intellectual property. About Metrologic
Metrologic Instruments, Inc. ("Metrologic" or the "Company") is a
global supplier of choice for data capture and collection hardware,
optical solutions, and image processing software. Metrologic has
been delivering innovative, quality products that are cost
effective, reliable and supported by a superior level of personal
service for nearly 40 years. Metrologic products are sold worldwide
through Metrologic's sales, service and distribution offices
located in The Americas, EMEA and Asia/Pacific. Metrologic provides
its customers not only with a great deal, but a great deal more.
For more information please call 1-800-667-8400 or visit
http://www.metrologic.com/. Forward-Looking Statement
Forward-looking statements contained in this release are highly
dependent upon a variety of factors which could cause actual
results to differ materially from those reflected in such
forward-looking statements. Specifically, the factors that could
cause actual results to differ from expectations include the
outcome of this and other litigation involving the Company and the
occurrence, timing and likelihood of success of any new business
opportunities entered into by the Company. When used in this
release and documents referenced, the words "believes," "expects,"
"may," "should," "seeks," or "anticipates," and similar expressions
as they relate to Metrologic or its management are intended to
identify such forward-looking statements. For additional factors,
please see Metrologic's reports filed with the Securities and
Exchange Commission. DATASOURCE: Metrologic Instruments, Inc.
CONTACT: Ann Anthony - Director, Investor Relations of Metrologic
Instruments, Inc., +1-856-228-8100 x5507, or Web site:
http://www.metrologic.com/
Copyright
Metrologic (NASDAQ:MTLG)
Historical Stock Chart
From Oct 2024 to Nov 2024
Metrologic (NASDAQ:MTLG)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Metrologic Instruments (NASDAQ): 0 recent articles
More Metrologic Instruments (MM) News Articles